Articles
New Evidence on the Labor Supply Effects of the Social Security Earnings Test (with Leora Friedberg), Tax Policy and the Economy (2009)
Mortality Heterogeneity and The Distributional Consequences of Mandatory Annuitization (with Guan Gong), Journal of Risk and Insurance (2008)
This paper investigates the distributional consequences of mandatory annuitization such as occurs in Social Security...
Optimal retirement Asset Decumulation Strategies: The Role of Housing Wealth (with Robert Triest and Wei Sun), Asia Pacific Journal of Risk and Insurance (2008)
A considerable literature examines the optimal decumulation of financial wealth in retirement. We extend this...
The Impact of Aggregate Mortality Risk on Defined Benefit Pension Plans (with Irena Dushi and Leora Friedberg), Journal of Pension Economics and Finance (2008)
We calculate the risk faced by defined benefit plan providers arising from uncertain aggregate mortality...
Life Is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk (with Leora Friedberg), The B.E. Journal of Economic Analysis & Policy (2007)
Insurance companies, employer pension plans, and the U.S. government all provide annuities and therefore assume...
Retirement and the Evolution of Pension Structure (with Leora Friedberg), Journal of Human Resources (2005)
Defined benefit pension plans have become considerably less common since the early 1980s, while defined...
Household Annuitization Decisions: Simulations and Empirical Analyses (with Irena Dushi), Journal of Pension Economics and Finance (2004)
Annuities provide insurance against outliving one’s wealth. Previous studies have indicated that, for many households,...
Contributions to Books
The Impact of Pensions on Non-Pension Investment Choices (with Leora Friedberg), Redefining Retirement: How Will Boomers Fare? (2007)
The displacement of traditional defined benefit (DB) pensions with defined contribution (DC) pensions over the...
Rethinking the Sources of Adverse Selection in the Annuity Market (with Irena Dushi), Competitive Failures in Insurance Markets: Theory and Policy Implications (2006)
Unpublished Papers
Identifying Local Differences in Retirement Patterns (with Leora Friedberg and Michael T. Owyanf) (2008)
What Effect Do Time Constraints Have on the Age of Retirement (with Wei Sun and Leora Friedberg) (2008)
Why Do Married Men Claim Social security Benefits So Early? Ignorance or Caddishness? (with Steven A. Sass and Wei Sun) (2007)
Most married men claim Social Security benefits at age 62 or 63, well short of...
Evaluating the Advanced Life Deferred Annuity - An Annuity People Might Actually Buy (with Guan Gong) (2007)
Although annuities provide longevity insurance that should, in theory, be attractive to risk-averse households facing...
The Chore Wars (with Leora Friedberg) (2006)
Stress over the use of time is a hallmark of American life today. We analyze...
Determinants and Consequences of Bargaining Power in Households (with Leora Friedberg), Center for Retirement Research Working Papers (2006)
A growing literature offers indirect evidence that the distribution of bargaining power within a household...
Center for Retirement Research Issue Briefs
Do Households Have a Good Sense of Their Retirement Preparedness (with Francesca Golub-Sass, Alicia Munnell, and Mauricio Soto) (2008)
When Should Married Men Claim Social Security Benefits? (with Steven A. Sass and Wei Sun) (2008)
Health Care Costs Drive Up the National Retirement Risk Index (with Alicia H. Munnell, Mauricio Soto, Francesca Golub-Sass, and Dan Muldoon) (2008)
Is There Really a Retirement Savings Crisis? An NRRI Analysis (with Alicia H. Munnell and Francesca Golub-Sass) (2007)
Households 'At Risk': A Closer Look at the Bottom Third (with Alicia H. Munnell, Francesca Golub-Sass, and Pamela Perun), Center for Retirement Research Working Papers (2007)
The Center’s National Retirement Risk Index (NRRI) provides a measure of the percentage of households...
What Moves the National Retirement Risk Index? A Look Back and an Update (with Alicia H. Munnell and Francesca Golub-Sass), Center for Retirement Research Working Papers (2007)
In June 2006, the Center for Retirement Research released the National Retirement Risk Index (NRRI)....